Tractor Supply Company (Nasdaq:
TSCO) today announced financial results for its fourth fiscal quarter and fiscal year ended December 25, 2010. Additionally, the company provided its current outlook for fiscal 2011.
Net sales increased 19.7% to $1.03 billion from $862.5 million in the prior year's fourth quarter. Same-store sales increased 13.1% compared to a 0.7% increase in the prior-year period.
Net income for the quarter was $50.2 million, or $0.67 per diluted share, compared to $37.3 million, or $0.51 per diluted share, in the prior year's fourth quarter. All references to per-share amounts reflect a two-for-one stock split that was effective on September 2, 2010.
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